EURUSD BREAKING TO THE UPSIDE

EURUSD has broken, not firmly yet, 50ma. This is a first time we have seen this pair above major MAs for a long time. Monthly high against the dollar has not been confirmed. The pair did not close the day above. Sell off during US sessions would indicated temporary weakness. We expect some more upside here. Take long profits at 1.2560 and expect correction before leg up or down.